Baker Hughes stock enters October with higher 2026 guidance

Published on 10/04/2026 at 22:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Baker Hughes stock closed at USD 56.00 on October 2, 2026, with a USD 55.6 billion market cap. Q2 revenue reached USD 6.74 billion and adjusted EPS USD 0.64.

Schwarz-Weiß-Reportagefoto von Arbeitern an einer Aluminiumdosen-Produktionslinie — Ball Corp. ISIN US05722G1004: Schwarz-Weiß-Reportage zeigt Arbeiter an der industriellen Aluminiumdosen-Produktionslinie im Werk, Illustration mit AI erstellt.

Baker Hughes stock (ISIN US05722G1004) closed at USD 56.00 on Nasdaq on October 2, 2026, while its market capitalization stood at USD 55.6 billion. The company enters October with higher 2026 revenue and adjusted EBITDA guidance after completing its acquisition of Chart Industries.

Guidance expands after Chart deal

Reuters reported on September 9, 2026, that Baker Hughes raised its 2026 revenue guidance to USD 28.50 billion-USD 30.30 billion from USD 26.65 billion-USD 28.05 billion. Adjusted EBITDA guidance moved to USD 4.88 billion-USD 5.48 billion from USD 4.60 billion-USD 5.10 billion.

The Chart transaction is central to the revised outlook. Reuters reported that Baker Hughes completed the USD 13.6 billion acquisition in July and expects Chart contributions to be weighted toward the fourth quarter, while near-term Chart margins face pressure from LNG equipment timing and softer hydrogen demand.

Quarterly figures beat estimates

For Q2 2026, Baker Hughes generated USD 6.74 billion in revenue and diluted EPS of USD 0.68 in the financial statements. MarketBeat reported adjusted EPS of USD 0.64 against a USD 0.51 consensus and revenue of USD 6.74 billion against USD 6.54 billion expected. The revenue comparison represents a USD 0.20 billion beat, while adjusted EPS exceeded consensus by USD 0.13.

The figures show why the guidance increase matters, but the integration profile remains important for the next report. Chart is expected to add scale to industrial and energy technology operations, while the company must convert the acquisition into higher margins as the year progresses.

Consensus target sits above price

MarketBeat reported on September 23, 2026, that 21 analysts gave Baker Hughes a Moderate Buy consensus, including 17 Buy ratings, three Holds and one Strong Buy. The average 12-month price target was USD 71.81, so the price target lies 28.2 percent above the USD 56.00 October 2 closing price.

That gap reflects a market debate between Chart-related execution and the longer-term growth case. UBS cut its target from USD 72 to USD 69 while maintaining a Neutral rating on September 30, 2026, according to MarketBeat.

Stock stays below yearly high

Baker Hughes stock closed at USD 56.00 on Nasdaq on October 2, 2026, with a daily change of 0.68 percent. The session volume was 3,969,823 shares, and the 52-week range was USD 43.92 to USD 70.41, leaving the close USD 14.41 below the yearly high.